ACC gives money to FSU to erase their budget shortfall. Why would they do that if FSU was leaving?
http://www.tallahassee.com/article/2...nclick_check=1
Quote:
The projected $2.4-million shortfall within Florida State’s athletics budget is apparently gone.
FSU athletic director Randy Spetman told the university’s Board of Trustees that additional money from the Atlantic Coast Conference helped erase the shortfall.
“On June 1, we got an extra $1.6 million (from the ACC),” Spetman said. “That put (the conference payout) right at over $16 million, which we thought would be $14.1 million.
“Our budget is balanced for this year and we’ll be in good shape for next year also.”
FSU’s athletics board had previously submitted a budget for 2012-13 that included a $14.1 million distribution from the ACC. FSU officials learned late last week that payout would increase as year-end adjustments were made.
|